Research Updates

FERTILIZER SECTOR UPDATE
17/04/25

Short Description
Fertilizer Sector Update - Demand Drought: Fertilizer Offtake Shrinks on Weak Rabi Close

Detail Description
Fertilizer demand witnessed a significant slowdown in March 2025, with total offtake (in nutrient terms) declining by 49.5% y/y to 220kt, compared to 436kt in March 2024. 
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